This Strategic Report is presented by the director of Serenity Education Group Limited (“the Company”) and its subsidiary schools (together, “the Group”), in accordance with section 414C of the Companies Act 2006, for the period from incorporation on 17 January 2025 to 31 August 2025. It sets out our review of the Group's business, our strategy, and the principal risks we consider the Group faces.
Serenity Education Group is a specialist education provider delivering education and support for children and young people with special educational needs and disabilities.
The Group provides strategic, educational and operational leadership and support across a growing network of independent specialist schools, working in partnership with local authorities, families and other professionals to provide appropriate educational pathways for pupils whose needs require specialist provision.
The Group's approach is centred on providing safe, supportive and ambitious learning environments in which pupils are supported to make meaningful educational, personal and social progress. Provision is designed around individual need, with a focus on appropriate curriculum pathways, strong pastoral support and preparation for future independence and adulthood.
During the year, the Group continued to develop its provision in response to sustained demand for specialist education placements. Alongside increasing capacity, the Group continued to invest in its existing schools and in the leadership, workforce, systems, technology and infrastructure required to support a growing organisation.
Maintaining the quality and consistency of education across the Group remains a key strategic priority. Investment has continued in educational leadership, curriculum and assessment, staff development, quality assurance, safeguarding, technology and data systems to strengthen educational delivery and provide effective oversight across the Group.
The Group takes a measured approach to expansion. Growth is considered alongside identified demand, leadership and workforce capacity, the availability of suitable premises, regulatory requirements and the ability to maintain high standards of education and care.
The directors consider that the Group's established provision, continued investment in organisational capacity and financial resilience provide a strong foundation for its continued development.
The group’s KPIs are shown below.
Regulatory, safeguarding and educational quality
The Group operates in a highly regulated sector in which safeguarding, educational quality and compliance with statutory and regulatory requirements are fundamental. Failure to maintain appropriate standards could affect pupils, the Group's reputation and its ability to operate effectively.
The Group mitigates this risk through clear governance and accountability arrangements, safeguarding oversight, quality assurance processes, regular monitoring of educational and operational performance, staff training and continued investment in leadership capacity.
Commissioning, funding and demand
A significant proportion of placements within the Group's schools are commissioned by local authorities. Changes in SEND policy, public-sector funding, commissioning practices or patterns of placement demand may therefore affect the Group.
The Group seeks to manage this risk by maintaining constructive relationships with commissioning authorities, monitoring local and regional demand and developing provision in response to identified need. The Group also maintains a measured approach to expansion to ensure that growth remains sustainable.
Workforce
The recruitment, development and retention of suitably skilled teachers, leaders and support staff are critical to the delivery of high-quality specialist education. The specialist nature of the Group's provision means that competition for experienced staff can be significant.
The Group continues to invest in recruitment, professional development, leadership capacity, staff training and workforce planning, with the objective of maintaining the skills and expertise required across its schools.
Growth and organisational capacity
The continued development of the Group creates opportunities but also requires appropriate leadership, systems, governance and operational infrastructure. Rapid growth without corresponding investment in organisational capacity could place pressure on educational quality and operational effectiveness.
The Group therefore seeks to align expansion with continued investment in leadership, central support, quality assurance, technology, data and governance arrangements.
Estates and capacity
The Group's ability to expand its provision is dependent in part on identifying suitable premises that meet the operational, educational and regulatory requirements of specialist schools. The availability, development and cost of appropriate properties can therefore affect the timing and delivery of future expansion.
The Group mitigates this risk through careful property evaluation, appropriate professional advice and consideration of estates requirements as part of its wider strategic planning.
Information governance and cyber security
The Group holds and processes sensitive personal information relating to pupils, families and employees. Information security, data protection and cyber resilience are therefore important operational risks.
The Group maintains policies, systems, controls and staff training designed to protect information, support regulatory compliance and reduce the risk of data loss, misuse or disruption.
Demand for specialist SEND provision remains significant, and the Group will continue to consider opportunities to increase capacity where there is demonstrable need and where this can be achieved while maintaining the quality and sustainability of provision.
The Group's strategy remains focused on sustainable growth underpinned by educational quality, strong leadership, effective governance and continued investment in its people, schools, technology, data and operational infrastructure.
The directors will continue to invest in the development of existing schools, strengthening consistency and quality across the Group while considering opportunities for additional specialist provision in areas of identified demand.
As the Group develops, particular emphasis will remain on ensuring that organisational capacity grows alongside pupil numbers and the school estate. This includes continued development of educational and operational leadership, workforce capability, quality assurance arrangements and systems that enable effective oversight across the Group.
The directors consider that sustained demand for specialist education, together with the Group's established provision and continued investment in organisational capacity, provides a strong basis for its future development.
Employees
The Group recognises that the knowledge, commitment and expertise of its employees are fundamental to the quality of education and support provided to pupils.
The Group is committed to equality of opportunity and seeks to ensure that recruitment, employment, training, development and progression are based on appropriate skills, experience and suitability for the role.
Applications for employment from people with disabilities are given full and fair consideration, having regard to their individual abilities and the requirements of the role. Where an employee becomes disabled during employment, the Group seeks, wherever reasonably practicable, to make appropriate adjustments and provide support, training or alternative arrangements to enable continued employment.
The Group continues to invest in professional development, leadership capability and specialist training to ensure that employees have the knowledge and skills required to meet the diverse and complex needs of the children and young people supported by its schools.
The Group also maintains appropriate arrangements for employee health, safety and wellbeing and regularly reviews its employment practices as part of its wider approach to workforce development and retention.
At the reporting date, the Group employed 273 employees across its SEND school settings. The number of employees is considered an important Key Performance indicator(KPI), reflecting the Group’s ability to maintain appropriate staffing levels and provide effective educational, pastoral and specialist support to pupils with special educational needs and disabilities.
As this is the Group’s first year of reporting, on a group level no prior-year comparative figure is available.
Financial Instruments
The Group's activities expose it to financial risks arising from its operations, principally liquidity and credit risk.
The directors monitor the Group's cash resources, financial commitments and funding requirements to ensure that sufficient resources are available to meet operational needs and support planned investment.
Credit risk arises principally in relation to amounts receivable, including balances with group undertakings. The Group manages this risk through appropriate financial controls, regular monitoring of outstanding balances and oversight of the financial position of entities within the Group.
Liquidity risk is managed through regular review of cash resources, financial commitments and forecast requirements. The directors seek to ensure that the Group maintains sufficient financial resources to meet its obligations as they fall due and to support its ongoing activities.
The Group seeks to manage financial risk prudently and regularly reviews its financial position as part of its wider governance and financial management arrangements.
The Group’s current asset ratio was 1.3:1 at the reporting date. This indicates that the Group held £1.30 of current assets for every £1.00 of current liabilities, demonstrating that the Group had sufficient short-term assets to meet its short-term obligations and to enable the group to invest within further schools, technology and staff development.
As this is the Group’s first year of reporting, no prior-year comparative figure is available. The Directors consider the current asset ratio to be an important KPI in monitoring the Group’s short-term liquidity and financial resilience.
On behalf of the board
The director presents his annual report and financial statements for the period ended 31 August 2025.
The results for the period are set out on page 11.
No ordinary dividends were paid. The director does not recommend payment of a further dividend.
The director who held office during the period and up to the date of signature of the financial statements was as follows:
The group's policy is to consult and discuss with employees, through unions, staff councils and at meetings, matters likely to affect employees' interests.
Information about matters of concern to employees is given through information bulletins and reports which seek to achieve a common awareness on the part of all employees of the financial and economic factors affecting the group's performance.
There is no employee share scheme at present, but the directors are considering the introduction of such a scheme as a means of further encouraging the involvement of employees in the company's performance.
We have audited the financial statements of Serenity Education Group Limited (the 'parent company') and its subsidiaries (the 'group') for the period ended 31 August 2025 which comprise the group profit and loss account, the group statement of comprehensive income, the group balance sheet, the company balance sheet, the group statement of changes in equity, the company statement of changes in equity, the group statement of cash flows, the company statement of cash flows and notes to the financial statements, including significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).
Basis for opinion
Conclusions relating to going concern
Other information
Opinions on other matters prescribed by the Companies Act 2006
As explained more fully in the director's responsibilities statement, the director is responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the director determines is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, the director is responsible for assessing the parent company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the director either intends to liquidate the parent company or to cease operations, or has no realistic alternative but to do so.
The extent to which our procedures are capable of detecting irregularities, including fraud, is detailed below.
Our approach to identifying and assessing the risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, was as follows:
The engagement partner ensured that the engagement team collectively had the appropriate competence, capabilities and skills to identify or recognise non-compliance with applicable laws and regulations;
We identified the laws and regulations applicable to the group through discussions with directors and other management, and from our commercial knowledge and experience of the group's sector;
We focused on specific laws and regulations which we considered may have a direct material effect on the financial statements or the operations of the company, including the Companies Act 2006, taxation legislation, data protection, employment including IR35 rules, legislations applicable to schools, and health and safety legislation;
We assessed the extent of compliance with the laws and regulations identified above through making enquiries of management and inspecting legal correspondence where necessary.
We assessed the susceptibility of the company's financial statements to material misstatement, including obtaining an understanding of how fraud might occur, by: making enquiries of management as to where they considered there was susceptibility to fraud, their knowledge of actual, suspected and alleged fraud; and considering the internal controls in place to mitigate risks of fraud and non-compliance with laws and regulations.
To address the risk of fraud through management bias and override of controls, we:
performed analytical procedures to identify any unusual or unexpected transactions;
tested the appropriateness of journal entries;
assessed whether judgements and assumptions made in determining the accounting estimates were indicative of potential bias; and investigated the rationale behind significant or unusual transactions.
To address the risk that revenue could be misstated due to fraud, we: -we obtained an understanding of the company's revenue recognition policies and compared these to the accounting standard;
performed a walkthrough test to confirm our understanding of the processes and controls through which the business initiates, records, processes and reports revenue transactions;
tested a sample of revenue transactions to supporting evidence; and tested, on a sample basis, revenue related balances in the balance sheet.
In response to the risk of irregularities and non-compliance with laws and regulations, we designed procedures which included, but were not limited to:
agreeing financial statement disclosures to underlying supporting documentation;
enquiring of management as to actual and potential litigation and claims; and
reviewing correspondence with HMRC, relevant regulators, and the company's legal advisors.
There are inherent limitations in our audit procedures described above. The more removed that laws and regulations are from financial transactions, the less likely it is that we would become aware of non-compliance. Auditing standards also limit the audit procedures required to identify non-compliance with laws and regulations to enquiry of the directors and other management and the inspection of regulatory and legal correspondence, if any.
Material misstatements that arise due to fraud can be harder to detect than those that arise from error as they may involve deliberate concealment or collusion
A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Auditors.
A further description of our responsibilities is available on the Financial Reporting Council’s website at: https://www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor's report.
Use of our report
This report is made solely to the parent company’s members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the parent company’s members those matters we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the parent company and the parent company’s members as a body, for our audit work, for this report, or for the opinions we have formed.
As permitted by section 408 of the Companies Act 2006, the company has not presented its own profit and loss account and related notes. The company’s loss for the year was £9,000.
Serenity Education Group Limited (“the company”) is a private limited company domiciled and incorporated in England and Wales. The registered office is 6 Blenheim Court, Peppercorn Close, Peterborough, Cambridgeshire, United Kingdom, PE1 2DU.
The group consists of Serenity Education Group Limited and all of its subsidiaries.
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
The consolidated group financial statements consist of the financial statements of the parent company Serenity Education Group Limited together with all entities controlled by the parent company (its subsidiaries) and the group’s share of its interests in joint ventures and associates.
All financial statements are made up to 31 August 2025. Where necessary, adjustments are made to the financial statements of subsidiaries to bring the accounting policies used into line with those used by other members of the group.
All intra-group transactions, balances and unrealised gains on transactions between group companies are eliminated on consolidation. Unrealised losses are also eliminated unless the transaction provides evidence of an impairment of the asset transferred.
Subsidiaries are consolidated in the group’s financial statements from the date that control commences until the date that control ceases.
Entities in which the group holds an interest and which are jointly controlled by the group and one or more other venturers under a contractual arrangement are treated as joint ventures. Entities other than subsidiary undertakings or joint ventures, in which the group has a participating interest and over whose operating and financial policies the group exercises a significant influence, are treated as associates.
Investments in joint ventures and associates are carried in the group balance sheet at cost plus post-acquisition changes in the group’s share of the net assets of the entity, less any impairment in value. The carrying values of investments in joint ventures and associates include acquired goodwill.
If the group’s share of losses in a joint venture or associate equals or exceeds its investment in the joint venture or associate, the group does not recognise further losses unless it has incurred obligations to do so or has made payments on behalf of the joint venture or associate.
Unrealised gains arising from transactions with joint ventures and associates are eliminated to the extent of the group’s interest in the entity.
At the time of approving the financial statements, the director has a reasonable expectation that the group has adequate resources to continue in operational existence for the foreseeable future. Thus the director continues to adopt the going concern basis of accounting in preparing the financial statements.
School & Tuition Fee is recognised over the academic period (school terms) to which the education and support relate.
Ancillary income (including transport services, school lunches, or extra-curricular activities) is recognised in the period in which the service or good is provided.
Fee income received or billed in respect of future academic terms or periods is recognised on the balance sheet as deferred income within Creditors: amounts falling due within one year, and subsequently credited to the profit and loss account over the applicable term as the service is delivered.
Revenue comprises sales of goods or services provided to customers net of value added tax and other sales taxes, less an appropriate deduction for actual and expected returns and discounts. Revenue is recognised when performance obligations are satisfied and the control of goods or services is transferred to the buyer. Where the performance obligations is satisfied over time, revenue is recognised in accordance with its progress towards complete satisfaction of that performance obligation.
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the profit and loss account.
Equity investments are measured at fair value through profit or loss, except for those equity investments that are not publicly traded and whose fair value cannot otherwise be measured reliably, which are recognised at cost less impairment until a reliable measure of fair value becomes available.
In the parent company financial statements, investments in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses.
A subsidiary is an entity controlled by the group. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.
An associate is an entity, being neither a subsidiary nor a joint venture, in which the company holds a long-term interest and where the company has significant influence. The group considers that it has significant influence where it has the power to participate in the financial and operating decisions of the associate.
Investments in associates are initially recognised at the transaction price (including transaction costs) and are subsequently adjusted to reflect the group’s share of the profit or loss, other comprehensive income and equity of the associate using the equity method. Any difference between the cost of acquisition and the share of the fair value of the net identifiable assets of the associate on acquisition is recognised as goodwill. Any unamortised balance of goodwill is included in the carrying value of the investment in associates.
Losses in excess of the carrying amount of an investment in an associate are recorded as a provision only when the company has incurred legal or constructive obligations or has made payments on behalf of the associate.
In the parent company financial statements, investments in associates are accounted for at cost less impairment.
Entities in which the group has a long term interest and shares control under a contractual arrangement are classified as jointly controlled entities.
At each reporting period end date, the group reviews the carrying amounts of its tangible and intangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.
The carrying amount of the investments accounted for using the equity method is tested for impairment as a single asset. Any goodwill included in the carrying amount of the investment is not tested separately for impairment.
Recoverable amount is the higher of fair value less costs to sell and value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset for which the estimates of future cash flows have not been adjusted.
If the recoverable amount of an asset (or cash-generating unit) is estimated to be less than its carrying amount, the carrying amount of the asset (or cash-generating unit) is reduced to its recoverable amount. An impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the impairment loss is treated as a revaluation decrease.
Recognised impairment losses are reversed if, and only if, the reasons for the impairment loss have ceased to apply. Where an impairment loss subsequently reverses, the carrying amount of the asset (or cash-generating unit) is increased to the revised estimate of its recoverable amount, but so that the increased carrying amount does not exceed the carrying amount that would have been determined had no impairment loss been recognised for the asset (or cash-generating unit) in prior years. A reversal of an impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the reversal of the impairment loss is treated as a revaluation increase.
The group has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the group's balance sheet when the group becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset and the net amounts presented in the financial statements when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.
Other financial assets, including investments in equity instruments which are not subsidiaries, associates or joint ventures, are initially measured at fair value, which is normally the transaction price. Such assets are subsequently carried at fair value and the changes in fair value are recognised in profit or loss, except that investments in equity instruments that are not publicly traded and whose fair values cannot be measured reliably are measured at cost less impairment.
Financial assets, other than those held at fair value through profit and loss, are assessed for indicators of impairment at each reporting end date.
Financial assets are impaired where there is objective evidence that, as a result of one or more events that occurred after the initial recognition of the financial asset, the estimated future cash flows have been affected. If an asset is impaired, the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss is recognised in profit or loss.
If there is a decrease in the impairment loss arising from an event occurring after the impairment was recognised, the impairment is reversed. The reversal is such that the current carrying amount does not exceed what the carrying amount would have been, had the impairment not previously been recognised. The impairment reversal is recognised in profit or loss.
Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire or are settled, or when the group transfers the financial asset and substantially all the risks and rewards of ownership to another entity, or if some significant risks and rewards of ownership are retained but control of the asset has transferred to another party that is able to sell the asset in its entirety to an unrelated third party.
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the group after deducting all of its liabilities.
Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.
Derivatives, including interest rate swaps and forward foreign exchange contracts, are not basic financial instruments. Derivatives are initially recognised at fair value on the date a derivative contract is entered into and are subsequently re-measured at their fair value. Changes in the fair value of derivatives are recognised in profit or loss in finance costs or finance income as appropriate, unless hedge accounting is applied and the hedge is a cash flow hedge.
Debt instruments that do not meet the conditions in FRS 102 paragraph 11.9 are subsequently measured at fair value through profit or loss. Debt instruments may be designated as being measured at fair value through profit or loss to eliminate or reduce an accounting mismatch or if the instruments are measured and their performance evaluated on a fair value basis in accordance with a documented risk management or investment strategy.
Financial liabilities are derecognised when the group's contractual obligations expire or are discharged or cancelled.
Equity instruments issued by the group are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the group.
The tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The group’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.
Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.
The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset if, and only if, there is a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.
The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.
The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.
Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to the profit and loss in the period to which they relate.
Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the leased asset are consumed.
Government grants are recognised at the fair value of the asset received or receivable when there is reasonable assurance that the grant conditions will be met and the grants will be received.
A grant that specifies performance conditions is recognised in income when the performance conditions are met. Where a grant does not specify performance conditions it is recognised in income when the proceeds are received or receivable. A grant received before the recognition criteria are satisfied is recognised as a liability.
In the application of the group’s accounting policies, the director is required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.
The average monthly number of persons (including directors) employed by the group and company during the period was:
Their aggregate remuneration comprised:
The total remuneration paid to the sole director during the period from the Group was £568,378.
The actual charge for the period can be reconciled to the expected charge/(credit) for the period based on the profit or loss and the standard rate of tax as follows:
Details of the company's subsidiaries at 31 August 2025 are as follows:
The following are the major deferred tax liabilities and assets recognised by the group and company, and movements thereon:
The deferred tax liability set out above is expected to reverse within 12 months and relates to accelerated capital allowances that are expected to mature within the same period.
A defined contribution pension scheme is operated for all qualifying employees. The assets of the scheme are held separately from those of the group in an independently administered fund.
During the period, there was one staff member who was enrolled under Teacher's Pension Scheme.
Shares have been issued in the period on a share for share agreement with the previous shareholders of the subsidiary companies.
At the reporting end date the group had outstanding commitments for future minimum lease payments under non-cancellable operating leases, which fall due as follows:
During the period, the Group entered into the following transactions with related parties:
The Group entered into interest free loans with other entities under common control and companies controlled by the director. No other transactions were entered into that were not under normal market conditions during the period.
At 31 August 2025 £2,147,071 was owed from entities under common control and companies controlled by the director.
At 31 August 2025 an amount of £34,151 was owed to the director from the Group. The amount is included within other creditors. There is no interest being charged and the balance is due from the Group within 9 months of the period end.
From the date of incorporation, on 16th June 2025, Jega Investments is the immediate controlling party.
The ultimate controlling party is Mr G P McCullough.